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100 Yuan Central Bank of China

Issuer Central Bank of China
Year 1944
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Shape Rectangular
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Obverse lettering 行銀央中 圓百壹 印年三十三國民華中
(Translation: Central Bank of China One Hundred Yuan Printed in the 33rd year of the Republic of China)
Reverse description The reverse is composed entirely of intricate violet guilloche lacework arranged in a symmetrical panel design, with the denomination numerals '100' appearing at left and right and the Chinese characters for one hundred yuan centred within a geometric rosette. Ornamental corner scrollwork and a heavily patterned border complete the design. Two manuscript annotations appear in the lower left margin.
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Comments

By 1944 the Central Bank of China was printing currency under conditions of severe wartime strain — Japanese occupation had displaced the government and its financial apparatus to Chongqing, and inflation was accelerating badly enough that a 100 Yuan note was already losing practical purchasing power almost as fast as it could be issued. The Central Bank's own printing works had been relocated and were operating under resource constraints that show in the production quality of this series.

Pick 260 belongs to a period when note output was prioritized over longevity. High-circulation attrition combined with postwar currency reforms in 1948 means survivors in any presentable state are fewer than the print volumes might suggest.

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